by Gary Gordon | Jun 22, 2020
Some analysts have resorted to rationalizing the stock bubble with never-before-seen valuation measures. To wit, if one ignores the past 12 months (Trailing P/E), and disregards projections for the next 12 months (Forward P/E), the 24-month forward...
by Gary Gordon | Jun 17, 2020
Today, Bloomberg News suggested that the CEO of wannabe electric truck maker, Nikola (NKLA), lied at a 2016 event about having a big-rig prototype that was “fully functional.” The stock bubble barely blinked. In fact, NKLA actually rose 1.8%. The company...
by Gary Gordon | Jun 15, 2020
Wall Street is unabashedly loony at the moment. Stocks remind me of Clark Griswold’s famous line in National Lampoon’s Vacation, “This is crazy, this is crazy, this is crazy.” In every previous recession, corporations reduced their leverage to shore up...
by Gary Gordon | Jun 12, 2020
In every recession, corporations reduce their leverage to shore up their balance sheets. Until now. US corporate debt is heading for 50% of GDP. That’s not merely a new record… it’s other-worldly. In 2000 as well as 2008, bubbly asset price excesses...
by Gary Gordon | Jun 10, 2020
Roughly half of all U.S. employees work for small businesses. What’s more, small businesses account for roughly half of net job creation. So the fact that small businesses anticipate starting 2021 with three-quarters of the head count that existed at the start...
